Tag Archives: loans

MONEY

New Study: Banks Making It Easier for Small Businesses to Get Loans

Banks lending more loans with lower interest rates

With most small businesses being healthier than they were during the recession, banks are making…

By Courtney Connley

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EY seeks exceptional women entrepreneurs for its 2014 Entrepreneurial Winning Women™ Program

NWBC: Banks Need to Court Women-Owned Businesses

The economic impact of women-owned businesses is significant and growing

“Women entrepreneurs are the ‘fastest growing sector in the small business community”

By C. Daniel Baker

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bank-loans

What to Know Before Applying for a Small Business Loan

Here's what business lenders look for before approving a loan

Community banks are lending. They never stopped lending through the financial crisis

By Alan Hughes

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SBA Honors Nation's Top Small Businesses

SBA Lending Activity in FY 2013 Shows SBA Continuing to Help Small Businesses Grow

In 2013, SBA supported more than $29 billion in lending to small businesses

Since President Obama took office, SBA has supported more than $126 billion in lending to…

By C. Daniel Baker

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bank-loans

Credit Supply and Approval Rate on Small Business Loans Expected to Increase

Most optimistic forecast for lending in the survey’s 3 year history

Small businesses is expected to pick up the pace of investing and hiring in the…

By C. Daniel Baker

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bank-loans

Small Business Loan Approvals From Big Banks at Highest Rates Since 2011

Large banks with over $10 billion in assets are lending to small businesses again

One credit index reports that banks are loosening up their safe’s.

By C. Daniel Baker

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Loans available to Businesses Affected by Sandy

Loans Available at 1 Percent for Small Business Affected by Sandy

Loans are available to small business owners to help them recover.

FEMA loan rates were too high for many owners.

By C. Daniel Baker

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Red Hook Flood Small Businesses Want Help Not Loans

Businesses Hit by Hurricane Want Help Not Loans

Many businesses already stretched, can't take on the burden of repaying a loan

40% of small businesses never reopen after being damaged in floods.

By C. Daniel Baker

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bank-loans

Small Business Lending Rises in Florida

Florida banks have given $144.6 million in loans to small businesses in 2012

Banks have given $144.6 million in loans to small businesses in 2012

By C. Daniel Baker

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wells-fargo-lends-out-more-than-a-billion

Wells Fargo Lends Out More Than $1 Billion to Small Businesses

The bank and its customers are willing to take risks despite the slow moving economy.

For a second year in a row Wells Fargo has approved more than $1 billion…

By C. Daniel Baker

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extend their Term Asset-Backed Securities Loan Facility (TALF) program through

Small Business Lending Rebounds During 2012

The SBA's fiscal year 2012 loan volume may be an indication that small business lending is finally on the rebound

The SBA’s fiscal year 2012 loan volume may be an indication that small business lending…

By C. Daniel Baker

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Graph

Small Business Lending to Increase, FICO Says

Lending to small businesses will rise soon say bankers who are optimistic that the current lending climate will accelerate in next six months.

Lending to small businesses will rise soon say bankers who are optimistic that the current…

By Ashley R. Harris

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FDIC Director Looks to Boost Small Biz Lending

Finance programs aimed at helping entrepreneurs to think like a banker

FDIC Director Sarah Thompson talks about finance programs aimed at helping entrepreneurs to think like…

By Alan Hughes

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cash-counting-300x232.jpg

6 Ways to Get a Bank Loan for Your Business

If you think like a banker, you could get the finance you need for your business

Six tips for entrepreneurs to get bank loans for your business

By Alan Hughes

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home-buyers-couple-300x232.jpg

The Truth About ‘No Cost’ Loans from Home Lenders

Here's an estimate of what you can typically expect to pay for your mortgage

Here’s an estimate of what you can typically expect to pay for your mortgage

By Lynnette Khalfani-Cox

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lending money_african american

Poll: Do You Plan to Support Your Adult Children?

Knowing when it's time to cut the financial umbilical cord

A recent study conducted by SunAmerica Financial Group found that 70% of parents age 55…

By Sheiresa Ngo

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What You Need to Know about Co-signing on a Loan

When friends and family ask you to co-sign on a loan you might think you’re doing them a favor, but you’re actually entering into some risky business.

If you decide to co-sign on a loan for someone, there is a three out…

By LaToya M. Smith

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customer_is_always_right

You the Consumer Have the Power

Black Enterprise's President/CEO reminds consumers of their financial power and right to great customer service

For decades, African Americans have been hit with what has been called the “Black tax.”…

By Earl "Butch" Graves Jr.

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How are you planning to meet your children’s college expenses? If you’re a student, what strategies are you using? Feel free to comment below.

5 Dos and Don’ts of College Financing

Now more than ever higher education comes at a high cost. Here are a few tips to lighten the long term financial load.



College financing has changed since most of today’s parents went to school. The average college…

By Robin White Goode

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How to Get a Loan the Web 2.0 Way

As traditional banks remain tightfisted, more people are turning to online peer-to-peer networks for personal loans.

It took Karla Brazelton just three days to round up nearly 100 strangers willing to…

By John Simons

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You Better Shop Around

Four steps to getting the best deal on a home loan

Some 92% of homebuyers finance their purchase with a mortgage, according to the National Association…

By Tara-Nicholle Nelson

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10 Things to Remember Before Applying for a Business Loan

Maximize your chances of getting one

It’s a well-documented fact that banks are less risk tolerant than in years past. But…

By Alan Hughes

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A Life Raft for Student Loan Borrowers

Task force recommendation could lessen repayment load

If you’re experiencing financial difficulty, student loan payments can feel like a weight on your…

By Sheiresa Ngo

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When Should You Refinance?

How to know when it�s time to apply for new mortgage terms

When 32-year-old James W. Johnson of Raleigh, North Carolina, bought his first home five years…

By Tamara E. Holmes

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Money Matters: Should I Ditch My Home?

Maintain your mortgage payments (if you can) even if you're "underwater"

I don’t have equity in the home I bought three years ago. When is it…

By John Simons

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NEWS_DOTEXC

DOT Partners With Carver Bank in Loan Program

Small, disenfranchised businesses gain access to contracts

The United States Department of Transportation announced that Carver Bank has been selected as New…

By LaToya M. Smith

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Quick Tips: What to Ask Yourself Before Applying for Financing

The right questions to ask, financing options to try

While most business owners are at least familiar with some common forms of financing –…

By Renita Burns

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Things You Should Know Before Applying for an ARC Loan

In addressing difficulties, be aware of the qualifications

For struggling small business owners, there may be help with the government’s ARC Loan Program.…

By Renita Burns

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Hide & Seek

The first step in accessing capital is to identify internal cash

“Cash is always king,” says entrepreneur Robert L. Wallace. “If you have cash, it doesn’t…

By Maya Payne Smart

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Treasury Secretary, SBA Chief Host Listening Session for Entrepreneurs

Forum focuses on getting cash to small businesses

Last month the Obama administration announced with great fanfare a plan to increase small business…

By Joyce Jones

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Washington Report

Updates from Capitol Hill

Washington Report

By Joyce Jones

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Show Me the Money!

Unusual places to find small business funding

Getting new and growing companies financed has become difficult in today’s business environment. Economic conditions…

By Bridget McCrea

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Regulators Issue Cease and Desist Order to Chicago Bank

Highland Community faulted for unsafe banking actions

Chicago-based Highland Community Bank received a cease and desist order earlier this month from federal…

By Marcia Wade Talbert

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Get Access to Recovery Act Dollars

Five steps to position your business

Make sure your small business isn’t left behind by checking out these five ways to…

By Brittany Hutson

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Private Lenders Up in Arms Over Student Loan Bill

Legislation would benefit those who need relief most

While private lenders may lose a portion of funds from the federally backed loans in…

By Renita Burns

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MED Week Attendees Connect With Bonding, Lending Sources

Small firms get advice on how to secure additional funding

As most small business owners who attended the Minority Business Development Agency’s MED Week knows,…

By Joyce Jones

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Consumer Advocates Fighting Against ‘Legal Loan Sharking’

Payday lenders face regulation, congressional scrutiny

Take a walk through any predominantly black or Latino neighborhood and the signs are unavoidable:…

By Renita Burns

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Federal Fund Targets Investments in Underserved Communities

Where mainstream financial institutions fail CDFIs give hope

In 1990, when Willie Murriel received a loan from Sunrise Bank to purchase the building…

By Marcia Wade Talbert

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Cutting Edge: Four Tips for Understanding A Mortgage

Using due diligence can help you avoid pitfalls

Despite the housing crisis that helped submerge the nation leagues under troubled financial waters, homeownership…

By Renita Burns

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College Finance 101: A Money-Saving Crash Course for Parents

HBCU1

It’s great that you’re still basking in the warm, proud glow of your child’s high…

By Donald Jay Korn

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College Finance 101: A Money-Saving Crash Course for Parents

Lesson 2: Borrow wisely when exploring loan options

Most students finance their education with borrowed funds. According to FinAid.org, 65.6% of students graduate…

By Donald Jay Korn

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Senate Hearing Focuses on Credit Availability

Panelists discuss lending increases, payment issues

For several years, small businesses have become increasingly reliant on credit cards as a major…

By Joyce Jones

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Did They Cause the Credit Crisis?

The loud, angry chorus of blame began almost immediately. As big banks and brokerage houses…

By Tamara E. Holmes

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Don’t Let the ‘G’ in Giving Stand for Guilt

Resist the chronic takers who would exploit your spirit of generosity.

One of the challenges facing many people, especially those considered to be better off than…

By Alfred Edmond, Jr.

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Lending Money to Friends and Family

How to avoid heartache when loaning to a loved one

It is part of the African American spirit to help our friends and family who…

By Margarette Burnette

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Good News For College Loans

President Bush signs law increasing access to federal funds

If you’re the parent of a college student, you know how expensive higher education
can be.…

By Donald Jay Korn

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Capital Crunch for Black Businesses

Fed report reveals tightened lending standards for smaller firms

A Federal Reserve report released this week underscores the increasing difficulty that small business owners…

By Tamara E. Holmes

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Economic Woes Could Seep into the Student Loan Market

Current credit crunch has college lenders tightening standards

With the annual cost of tuition and fees at a four-year private institution averaging $23,712,…

By Tamara E. Holmes

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